What is the 13F Pro Quality Score for HEI?

13F Pro ranks HEICO CORP (HEI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HEI's current score at https://13fpro.ai/company/HEI (free sign-up required for the full ranking).

Which hedge funds own the most HEI stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HEI include PRINCIPAL FINANCIAL GROUP, BlackRock,, BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/HEI as soon as new 13F filings post.

Where does 13F Pro source HEI data?

All HEICO CORP fundamentals and ownership data come directly from SEC EDGAR. HEICO CORP files with the SEC under CIK 46619. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HEI in?

HEICO CORP (HEI) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives HEI's revenue?

Per HEICO CORP's latest 10-Q filed with the SEC on 2026-08-27, the biggest revenue drivers are: Flight Support Group ($946.4M, +18% YoY); Electronic Technologies Group ($466.6M, +36% YoY); Aftermarket replacement parts ($556.3M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/HEI.

What are HEI's largest expenses?

HEICO CORP's latest 10-Q reports these as the largest expense items: Cost of sales ($832.1M); Selling, general and administrative expenses ($225.8M); Research and development (within cost of sales) ($36.1M). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (quarter ended July 31, 2026).

How often is HEI research updated on 13F Pro?

HEI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HEICO CORP(HEI)Stock Analysis

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13F Pro Quality Score

75.6/100

Rank #96 of 2,961 stocksTOP 5%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

80.4/100

Profitability

76.3/100

Balance Sheet

83.9/100

Earnings Quality

48.0/100

Free Cash Flow

72.7/100

Institutional Flow

67.8/100

Revenue Scale

78.3/100

Dilution Risk

94.7/100

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Why HEI Scores 76/100

exact factor attribution · 2026-09-11

HEI's composite is driven by revenue growth and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+6.1 pts

80th pct

Scale

+4.2 pts

78th pct

Profitability

+3.9 pts

76th pct

Free cash flow

+3.4 pts

73th pct

Capital efficiency

+3.4 pts

84th pct

Shareholder dilution

+2.2 pts

95th pct

Earnings growth

+1.6 pts

82th pct

Institutional flow

+0.9 pts

68th pct

Earnings quality

-0.2 pts

48th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

HEI Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for HEICO CORP (HEI), a Industrials sector company. 13F Pro's AI-powered ranking engine scores HEI at 75.6/100 on a 32-signal composite quality model, placing it at rank #96 of 2,961 stocks — the top 5% of the AI-ranked universe. HEI scores in the top quartile across balance sheet strength (83.9), revenue growth (80.4), revenue scale (78.3). Based on the latest XBRL financial filings (Q2 2026), HEICO CORP reports quarterly revenue of $1.4B, net income of $235.4M, an operating margin of 25.1%. Top institutional holders of HEI by reported 13-F value include PRINCIPAL FINANCIAL GROUP, BlackRock, BlackRock, based on the most recent SEC filings. HEI trades on the NYSE exchange and files with the SEC under CIK 46619. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HEI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HEICO CORP directly from SEC EDGAR. HEICO CORP's 13F Pro composite quality score has ranged between 53 and 79 since 2021, currently 75.6 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about HEICO CORP

Quirks, history, and lore behind HEI — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial company · mid-cap · listed on NYSE · headquartered in South Florida.
2
The Numbers
Annual revenue in the low billions, with operating margins that consistently impress — this company has a reputation for being extremely profitable relative to its size.
3
The History
Founded in the 1950s, it spent decades quietly building a niche before becoming one of the most shareholder-friendly small industrials on Wall Street — the Mendelson family has run it for generations.
4
The Secret
Its core business is supplying FAA-approved replacement parts for commercial and military aircraft — often at a fraction of what the original equipment manufacturer charges.
5
The Lore
It is a cult favorite among value investors because the founding family owns a huge stake and has grown book value per share at a remarkable rate for decades running.
6
The Giveaway
The undisputed king of PMA parts — FAA-certified aftermarket aircraft components — serving airlines and defense customers who'd rather not pay Boeing or Airbus full price for a spare.

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What's Driving HEI's Business? Latest 10-Q Breakdown

✓ 49/49 datapoints verified

AI-extracted from HEICO CORP's 10-Q filed 2026-08-27 — Q3 FY2026 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q3 net sales rose 23% to a record $1,413.1 million, with operating income up 34% to $355.2 million and gross margin expanding to 41.1%.

Biggest Revenue Drivers

Flight Support Group$946.4M+18% YoY

Strong organic growth of 12% plus $45.8 million of net sales contributed by fiscal 2026 acquisitions.

Electronic Technologies Group$466.6M+36% YoY

Robust organic growth of 18% plus $60.2 million contributed by fiscal 2026 and 2025 acquisitions.

Biggest Revenue Drivers

Total revenue: $1,413.1M+23% YoY

Flight Support Group$946.4M+18% YoY

Strong organic growth of 12% plus $45.8 million of net sales contributed by fiscal 2026 acquisitions.

Within Flight Support Group

Aftermarket replacement parts$556.3M

Increased demand drove an organic net sales increase of $72.1 million.

Repair and overhaul parts and services$248.6M

Increased demand drove an organic net sales increase of $10.4 million.

Electronic Technologies Group$466.6M+36% YoY

Robust organic growth of 18% plus $60.2 million contributed by fiscal 2026 and 2025 acquisitions.

Within Electronic Technologies Group

Electronic component parts primarily for defense, space and aerospace equipment$392.4M

Increased demand for other electronics, defense, and aerospace products.

Largest Expense Items

Cost of sales$832.1M

16.0% of sales-equivalent gross margin improvement; 41.1% gross profit margin versus 39.8% a year ago.

Selling, general and administrative expenses$225.8M

$16.8 million from fiscal 2026 and 2025 acquisitions, $4.3 million higher share-based compensation, plus costs supporting sales growth.

Research and development (within cost of sales)$36.1M

New product R&D expenses, up from $31.9 million in the third quarter of fiscal 2025.

Interest expense$35.9M

Increase principally due to higher outstanding debt, partially offset by a lower weighted-average rate on Credit Facility borrowings.

Margins: Gross margin improved to 41.1% from 39.8%, reflecting favorable FSG product mix in specialty products and aftermarket parts and higher ETG aerospace sales. Operating margin rose to 25.1% from 23.1%.

Watch Items from the Filing

Growth is acquisition-assisted: fiscal 2026 acquisitions added $83.9 million of quarterly net sales, with $1,018.2 million of cash used for acquisitions in nine months.
Total debt reached $2,541.2 million and total debt to shareholders' equity was 50.6%, after issuing $550 million of 4.950% 2031 Notes and $650 million of 5.400% 2036 Notes.
Redeemable noncontrolling interests rose to $617.9 million from $467.4 million, representing put rights exercisable through fiscal 2036 that may require cash purchases.
Backlog (remaining performance obligations) totaled $2,824.8 million, with $783.4 million expected in the remainder of fiscal 2026 and $2,041.4 million thereafter.
Goodwill grew to $4,356.1 million and intangibles to $1,776.9 million, together 62% of $9,936.6 million total assets; contingent consideration liabilities reached $69.1 million.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.4B

Net Income

Q2 2026

$235.4M

Free Cash Flow

Q2 2026

$322.8M

Operating Margin

Q2 2026

25.1%

ROIC

Q2 2026

19.0%

D/E Ratio

Q2 2026

0.51

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+16.3% YoY

$4.49BFY 2025

FY22 $2.21BFY23 $2.97BFY24 $3.86BFY25 $4.49B

Net Income

+34.3% YoY

$690.4MFY 2025

FY22 $351.7MFY23 $403.6MFY24 $514.1MFY25 $690.4M

Operating Income

+23.6% YoY

$1.02BFY 2025

FY22 $496.8MFY23 $625.3MFY24 $824.5MFY25 $1.02B

EPS (Diluted)

+33.5% YoY

$4.90FY 2025

FY22 $2.55FY23 $2.91FY24 $3.67FY25 $4.90

Total Assets

+12.0% YoY

$8.50BFY 2025

FY22 $4.10BFY23 $7.20BFY24 $7.59BFY25 $8.50B

Total Debt

-2.8% YoY

$2.17BFY 2025

FY22 $293.6MFY23 $2.50BFY24 $2.24BFY25 $2.17B

Op. Cash Flow

+39.0% YoY

$934.3MFY 2025

FY22 $467.9MFY23 $448.7MFY24 $672.4MFY25 $934.3M

Free Cash Flow

+40.3% YoY

$861.4MFY 2025

FY22 $435.9MFY23 $399.3MFY24 $614.1MFY25 $861.4M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.49B +16.3%	$3.86B +30.0%	$2.97B +34.4%	$2.21B +18.4%	$1.87B +4.4%	$1.79B
Net Income	$690.4M +34.3%	$514.1M +27.4%	$403.6M +14.8%	$351.7M +15.6%	$304.2M -3.1%	$314.0M
Operating Income	$1.02B +23.6%	$824.5M +31.8%	$625.3M +25.9%	$496.8M +26.5%	$392.9M +4.3%	$376.6M
EPS (Diluted)	$4.90 +33.5%	$3.67 +26.1%	$2.91 +14.1%	$2.55 +15.4%	$2.21 -3.5%	$2.29
Total Assets	$8.50B +12.0%	$7.59B +5.5%	$7.20B +75.7%	$4.10B +17.1%	$3.50B -1.4%	$3.55B
Total Debt	$2.17B -2.8%	$2.24B -10.5%	$2.50B +751.6%	$293.6M +24.1%	$236.5M -68.0%	$739.8M
Operating Cash Flow	$934.3M +39.0%	$672.4M +49.8%	$448.7M -4.1%	$467.9M +5.4%	$444.1M +8.5%	$409.1M
Free Cash Flow	$861.4M +40.3%	$614.1M +53.8%	$399.3M -8.4%	$435.9M +6.9%	$407.9M +5.6%	$386.2M

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Available Research

13F Pro tracks comprehensive data for HEICO CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HEI

PRINCIPAL FINANCIAL GROUP INC
$2.0B7,707,811 sh
BlackRock, Inc.
$1.6B6,043,735 sh
BlackRock, Inc.
$1.4B3,925,879 sh
FMR LLC
$1.2B4,794,908 sh
PRICE T ROWE ASSOCIATES INC /MD/
$1.1B3,201,685 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.1B4,103,094 sh
Capital International Investors
$1.0B2,888,020 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.0B3,959,217 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$798.1M2,240,691 sh
STATE STREET CORP
$597.3M1,676,848 sh

Fund	Value	Shares
PRINCIPAL FINANCIAL GROUP INC	$2.0B	7,707,811
BlackRock, Inc.	$1.6B	6,043,735
BlackRock, Inc.	$1.4B	3,925,879
FMR LLC	$1.2B	4,794,908
PRICE T ROWE ASSOCIATES INC /MD/	$1.1B	3,201,685
VANGUARD CAPITAL MANAGEMENT LLC	$1.1B	4,103,094
Capital International Investors	$1.0B	2,888,020
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.0B	3,959,217
VANGUARD PORTFOLIO MANAGEMENT LLC	$798.1M	2,240,691
STATE STREET CORP	$597.3M	1,676,848

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Is HEI a good stock to buy?

13F Pro's AI-powered analysis of HEICO CORP (HEI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HEI are available on the HEI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. HEI is classified as a large company.

Which hedge funds own HEI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HEI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HEICO CORP's investment landscape.